Jiangxi Bank Co., Ltd. Class H (1916) AI Stock Analysis

• Market Cap: HK$4.28B
• Dividend Yield: 6.21%
• Average Volume (3M): 643.32K
• Price to Earnings (P/E): 6.3
• Beta (1Y): 0.95
• Revenue Growth: -8.55%
• EPS Growth: 539.20%
• Country: HK
• Employees: 5,406
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.10
• Shares Outstanding: 1,345,500,000
• 10 Day Avg. Volume: 707,450
• 30 Day Avg. Volume: 643,316
• PEG Ratio: 0.65
• Price to Book (P/B): 0.13
• Price to Sales (P/S): 1.50
• P/FCF Ratio: -0.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: HK$0.68 ▲(1.94% Upside)

The score is held back primarily by weak financial quality—especially persistently negative operating/free cash flow—despite improved 2024 leverage and still-positive reported profitability. Technicals also remain bearish with the stock below major moving averages and negative MACD. These risks are partially offset by attractive valuation metrics (low P/E and high dividend yield).

Positive Factors

Improved Leverage

Reduced leverage enhances financial flexibility and stability, allowing Jiangxi Bank to better manage its capital and pursue growth opportunities.

Governance Restructuring

Streamlined governance structure can lead to more efficient decision-making and oversight, potentially improving operational effectiveness and strategic execution.

Positive Net Margins

Sustained positive net margins indicate effective cost management and pricing strategy, supporting long-term profitability and shareholder value.

Negative Factors

Negative Cash Flow

Persistent negative cash flow weakens financial quality, indicating potential liquidity challenges and reliance on external funding.

Volatile Revenue

Inconsistent revenue trends suggest challenges in maintaining stable growth, which can impact long-term strategic planning and investment.

Low Return on Equity

Low ROE reflects inefficient use of equity capital, potentially limiting the bank's ability to generate shareholder returns and attract investment.

Jiangxi Bank Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Jiangxi Bank Co., Ltd. provides corporate and retail banking services in the People's Republic of China. The company operates through Corporate Banking, Retail Banking and Credit card, and Financial Markets Business segments. The Corporate Banking segment offers deposits, corporate loans and advances, trade financing, agency services, consulting and advisory services, remittance, and settlement services, and guarantee services to corporations, government agencies, and financial institutions. The Retail banking and Credit Card segment provides deposits, personal loans, bank cards, personal wealth management services, and remittance services to retail customers. The Financial Markets Business segment engages in the inter-bank money market transactions; repurchases transactions and investments; debt securities trading; and issuance of debts. It also offers financial leasing, foreign exchange, bill acceptance, discounting, and safe-box services; issues financial bonds; issues, trades in, settles, and underwrites government bonds; interbank placement; acts as an agent for inward and outward payments, and insurance agent; and loans based on local government fund. The company was formerly known as Bank of Nanchang Co., Ltd. and changed its name to Jiangxi Bank Co., Ltd. in December 2015. Jiangxi Bank Co., Ltd. was founded in 1997 and is headquartered in Nanchang, the People's Republic of China.

How the Company Makes Money

Jiangxi Bank Co., Ltd. generates revenue through various streams typical of commercial banks. The primary source of income is interest income from loans and advances provided to personal, corporate, and institutional clients. The bank also earns from non-interest income sources, such as fees and commissions related to wealth management services, transaction banking, and other financial products. Additionally, Jiangxi Bank engages in treasury operations, which contribute to its earnings through investment activities and interbank lending. The bank's strategic partnerships and regional focus enable it to capitalize on economic growth within Jiangxi Province, further enhancing its profitability.

Jiangxi Bank Co., Ltd. Class H Financial Statement Overview

Summary

Despite a 2024 revenue rebound and positive net margins, multi-year results are uneven and operating profitability is flagged as consistently negative in the provided data. The balance sheet improved with sharply lower leverage in 2024, but ROE is low (~2.2% in 2023–2024). The largest concern is persistently negative operating and free cash flow, including a very large 2024 outflow, which materially weakens financial quality.

Income Statement

Revenue has been volatile: after declines in 2022 and 2023, 2024 returned to growth (+11.6%), but the 2019–2024 trend is still choppy. Profitability remains positive with net margins in the low-to-mid 20s in 2023–2024 (about 22% to 25%), though net income is below earlier-cycle levels (down from ~2.1B in 2021 to ~1.06B in 2024). A key weakness is that operating profit as a share of revenue is consistently negative in the provided data, which raises quality-of-earnings and operating efficiency concerns despite reported net profits.

Balance Sheet

The balance sheet shows a notable improvement in leverage in 2024, with debt-to-equity dropping to ~0.13 versus around ~1.0–2.1 in prior years, which materially strengthens financial flexibility. Equity has steadily risen over time, supporting asset growth, while return on equity has been modest and trending lower (about ~5–6% in 2019–2021 down to ~2.2% in 2023–2024), indicating weaker profitability on the capital base. Overall, leverage looks better recently, but the low returns are a clear constraint.

Cash Flow

Cash generation is the biggest weak spot: operating cash flow is negative in every year shown, including a very large outflow in 2024 (about -29.3B). Free cash flow is also negative across the period, with 2024 still deeply negative (about -29.4B). While the year-over-year change in free cash flow is shown as improving in 2024, the absolute level remains meaningfully negative, and operating cash flow relative to net income is unfavorable, pointing to weak cash conversion and higher funding/liquidity sensitivity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.94B	4.18B	4.63B	5.32B	6.14B	6.00B
Gross Profit	3.94B	4.18B	4.63B	5.32B	6.14B	6.00B
EBITDA	0.00	0.00	0.00	2.15B	3.02B	0.00
Net Income	991.31M	1.06B	1.04B	1.55B	2.07B	1.86B
Balance Sheet
Total Assets	580.30B	573.63B	552.35B	515.57B	508.56B	458.69B
Cash, Cash Equivalents and Short-Term Investments	0.00	8.66B	13.04B	14.71B	22.58B	19.19B
Total Debt	10.33B	6.13B	47.45B	57.35B	6.04B	6.00B
Total Liabilities	531.88B	525.05B	504.81B	468.76B	466.93B	422.75B
Stockholders Equity	47.59B	47.78B	46.78B	46.05B	40.92B	35.27B
Cash Flow
Free Cash Flow	-11.19B	-29.43B	-2.94B	-34.73B	-41.98B	-24.56B
Operating Cash Flow	-11.06B	-29.29B	-2.77B	-34.61B	-41.59B	-24.29B
Investing Cash Flow	14.17B	-1.16B	5.63B	19.38B	11.87B	17.41B
Financing Cash Flow	10.57B	26.06B	-8.88B	8.94B	32.22B	5.96B

Jiangxi Bank Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.67
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1916, the sentiment is Positive. The current price of 0.67 is below the 20-day moving average (MA) of 0.69, below the 50-day MA of 0.68, and below the 200-day MA of 0.73, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.01 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1916.

Jiangxi Bank Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
1983	67 Neutral	HK$5.60B	4.07	12.50%	5.84%	-3.25%	22.96%
2558	66 Neutral	HK$7.82B	4.08	6.81%	6.22%	-1.76%	-11.39%
1916	54 Neutral	HK$4.28B	6.31	1.58%	6.21%	-8.55%	539.20%
6138	51 Neutral	HK$4.18B	7.72	2.15%	―	0.06%	43.86%
2139	48 Neutral	HK$3.75B	5.94	1.72%	―	-9.56%	-7.51%

Jiangxi Bank Co., Ltd. Class H Corporate Events

Jiangxi Bank Announces Change of Company Secretary and Authorised Representatives

Jiangxi Bank has announced a change in key compliance and governance roles, with the resignation of company secretary and authorised representative Mr. Ngai Wai Fung, effective 26 December 2025, due to internal work arrangement adjustments. The bank stated that Mr. Ngai has no disagreement with the board and that there are no matters related to his departure requiring shareholder or exchange attention, while appointing Ms. Pun Kim Ying—an experienced corporate secretarial professional and governance institute associate member—as the new company secretary and authorised representative, underscoring the bank’s continued focus on regulatory compliance and corporate governance oversight.

Jiangxi Bank Restructures Governance with NFRA Approval

Jiangxi Bank Co., Ltd. has received approval from the NFRA Jiangxi Bureau for amendments to its Articles of Association, which were approved by shareholders at the 2024 Annual General Meeting. As a result, the Bank will abolish its Board of Supervisors, with its functions now being performed by the Audit Committee of the Board. This restructuring is part of the Bank’s efforts to streamline its governance structure, as confirmed by the departing supervisors who have no disagreements with the Bank.

Jiangxi Bank Announces Resignation of Joint Company Secretary

Jiangxi Bank Co., Ltd. announced the resignation of Ms. ZHANG Na as the joint company secretary due to work arrangement adjustments, effective October 17, 2025. Mr. NGAI Wai Fung will continue as the sole company secretary, meeting the necessary qualifications, ensuring continuity in the company’s secretarial duties.

Jiangxi Bank Approves Bond Issuance and Elects Directors at EGM

Jiangxi Bank Co., Ltd. held its 2025 second extraordinary general meeting where all proposed resolutions were passed. Notably, the bank approved the issuance of RMB10 billion in ordinary financial bonds and elected non-executive directors, demonstrating a strategic move to strengthen its financial position and governance.